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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
Entire Document
 

Depreciation and Amortization
 
 
Retail
 
Renewables
 
NRG Yield
 
Corporate
 
 
 
Generation
 
 
 
 
 
Total
 
(In millions)
Year Ended December 31, 2016
$
516

 
$
111

 
$
185

 
$
303

 
$
57

 
$
1,172

Year Ended December 31, 2015
$
693

 
$
132

 
$
176

 
$
303

 
$
47

 
$
1,351

Depreciation and amortization expense decreased by $179 million for the year ended December 31, 2016, compared to the same period in 2015, primarily due to a $116 million decrease related to the impairment of the Limestone and W.A. Parish facilities located in the Gulf Coast region in 2015 and a $68 million decrease related to the impairment of the Dunkirk and Huntley facilities located in the East region in 2015.
Impairment Losses
In 2016, the Company recorded impairment losses of $702 million related to various facilities, as well as goodwill for its Texas reporting unit, as further described in Item 15 Note 10, Asset Impairments and Note 11, Goodwill and Other Intangibles, to the Consolidated Financial Statements.
In 2015, the Company recorded impairment losses of $4,860 million related to various facilities, as well as goodwill for its Texas and Home Solar reporting units, as further described in Item 15 - Note 10, Asset Impairments and Note 11, Goodwill and Other Intangibles, to the Consolidated Financial Statements.
Selling, General and Administrative Expenses
 
Generation
 
Retail
 
Renewables
 
NRG Yield
 
Corporate
 
Total
 
(In millions)
Year Ended December 31, 2016
$
265

 
$
498

 
$
61

 
$
17

 
$
254

 
$
1,095

Year Ended December 31, 2015
$
159

 
$
546

 
$
54

 
$
15

 
$
454

 
$
1,228


Selling, general and administrative expenses decreased by $133 million for the year ended December 31, 2016 compared to the same period in 2015, primarily due to a decrease in advertising and the continued focus on cost management.
Development Costs
Development costs decreased by $65 million for the year ended December 31, 2016, compared to the same period in 2015, due to the strategic decision for a more focused development program primarily related to Renewables and the sale of EVgo in 2016.
Loss on Sale of Assets
During the year ended December 31, 2016, the Company sold a majority interest in its EVgo business to Vision Ridge Partners, which resulted in a loss on sale as described in Item 15 Note 3, Discontinued Operations, Acquisitions and Dispositions, to the Consolidated Financial Statements.
Impairment Losses on Investments
For the year ended December 31, 2016, the Company recorded other-than-temporary impairment losses of $268 million, which is primarily due to other-than-temporary impairments on the Company's interests in Petra Nova Parish Holdings, Sherbino and Community Wind North, as further described in Item 15 Note 10, Asset Impairments, to the Consolidated Financial Statements.
For the year ended December 31, 2015, the Company recorded other-than-temporary impairment losses on certain of its cost and equity method investments of $56 million, as further described in Item 15 Note 10, Asset Impairments, to the Consolidated Financial Statements.
Loss on Debt Extinguishment
A loss on debt extinguishment of $142 million was recorded for the year ended December 31, 2016, primarily driven by the repurchase of NRG senior notes at a price above par value and the write-off of the unamortized debt issuance costs related to the replacement of the 2018 Term Loan Facility with the new 2023 Term Loan Facility.

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